faculty profile

Shyam Sunder
James L. Frank Professor of Accounting, Economics and Finance
School of Management, Yale University
Area: Economics

Dr. Shyam Sunder is the James L. Frank Professor of Accounting, Economics, and Finance at the Yale School of Management; Professor in the Department of Economics; and Fellow of the Whitney Humanities Center. He is a world-renowned accounting theorist and experimental economist. His research contributions include financial reporting, information in security markets, statistical theory of valuation, and design of electronic markets. He is a pioneer in the fields of experimental finance and experimental macroeconomics. Dr. Sunder has won many awards for his research that includes six books and more than 200 articles in the leading journals of accounting, economics and finance, as well as in popular media. Dr. Sunder’s current research includes the problem of structuring U.S. and international accounting and auditing institutions to obtain a judicious and efficient balance between regulatory oversight and market competition. He is a past president of the American Accounting Association, former director of the Millstein Center for Corporate Governance and Performance at Yale, honorary research director of Great Lakes Institute of Management in Chennai, and distinguished fellow of the Center for Study of Science and Technology Policy in Bengaluru.

Sunder, Shyam. “Rethinking the Structure of Accounting and Auditing.” Indian Accounting Review 7, no. 1 (June 2003): 1-15. An earlier draft was published in Chinese as [Political Economy of the Accounting Collapse in the U.S.] in Accounting Research Monthly no. 204 “Mining Intellectual Capital” (November 2002): 32-42 and in German as “Politish-ökonomischeBetrachtungenzumZusammenbruch der Rechnungslegung in den USA” [Political Economy of the Accounting Collapse in the U.S.]. Die Wirtschaftsprüfung 56, no. 4 (15, February 2003): 141-150.

2003. Reprinted in International Financial Reporting Standards: Critical Perspectives on Business and Management edited by Chris Nobes and David Alexander. London: Routledge, [forthcoming January 2008].

Sunder, Shyam. “Classical, Stewardship and Market Perspectives on Accounting: A Synthesis.” In The Japanese Style of Business Accounting edited by Shyam Sunder and Hidetoshi Yamaji, 17-31. Westport, CT: Quorum Books, 1999.

Sunder, Shyam. “Design and Implementation of Contracts: A Comparison of Factor Markets Relevant to Financial Reporting in Japan and the U.S.” In The Japanese Style of Business Accounting edited by Shyam Sunder and Hidetoshi Yamaji, 209-220. Westport, CT: Quorum Books, 1999.

Mak, James and Shyam Sunder. “Why Are There So Many Small Shops in Japan?” In Japan: Why It Works, Why It Doesn't—Economics in Every Day Life edited by J. Mak, S. Sunder, S. Abe, K. Igawa, 45-50. Honolulu, HI: University of Hawaii Press, 1998.

Abe, Shigeyuki, Shoji Nishijima, Shyam Sunder, and Karen Lupardus. “Why Do Students Take It Easy at Japanese Universities?” In Japan: Why It Works, Why It Doesn't—Economics in Every Day Life edited by J. Mak, S. Sunder, S. Abe, K. Igawa, 73-81. Honolulu, HI: University of Hawaii Press, 1998.

Sunder, Shyam. “Why Do Bank Automatic Teller Machines Shut Down at 7 P.M.?” In Japan: Why It Works, Why It Doesn't—Economics in Every Day Life edited by J. Mak, S. Sunder, S. Abe, K. Igawa, 137-147. Honolulu, HI: University of Hawaii Press, 1998.

Sunder, Shyam. “Proof That in an Efficient Market, Event Studies Can Provide No Systematic Guidance to Making of Accounting Standards and Disclosure Policy.” Contemporary Accounting Research 5, no. 2 (1989): 452-460.

Duh, Rong-Ruey and Shyam Sunder: “Incentives, Learning, and Processing of Information in a Market Environment: An Examination of the Base-Rate Fallacy.” In Laboratory Market Research edited by Shane Moriarty, 50-79. University of Oklahoma,1986.

Sunder, Shyam. “Comparability of Divergent Financial Statements in the Petroleum Exploration Industry.” In Proceedings of the Conference on Topical Research in Accounting edited by Michael Schiff and George Sorter, 251-265. New York: Ross Institute of Accounting Research (New York University), 1976.

Sunder, Shyam. “Properties of Accounting Numbers Under Various Definitions of Cost Centers in the Petroleum Exploration Industry.” In Proceedings of the Southwest Regional Meeting of the American Accounting Association edited by Kenneth S. Most, 259-274. College Station, TX: Texas A&M University, 1975.